Hexcel Corporation $HXL Holdings Lifted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in Hexcel Corporation (NYSE:HXL) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,171 shares of the aerospace company’s stock after purchasing an additional 5,179 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hexcel were worth $2,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hexcel by 10.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock worth $285,000 after acquiring an additional 492 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hexcel by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company’s stock worth $10,223,000 after acquiring an additional 937 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Hexcel by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 57,266 shares of the aerospace company’s stock worth $3,136,000 after acquiring an additional 14,002 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Hexcel by 2.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 817,388 shares of the aerospace company’s stock worth $44,760,000 after acquiring an additional 22,396 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Hexcel by 95.3% during the first quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on HXL shares. Morgan Stanley set a $67.00 target price on shares of Hexcel and gave the company an “underweight” rating in a research note on Wednesday. Royal Bank Of Canada increased their target price on shares of Hexcel from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. TD Cowen increased their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Cowen reissued a “hold” rating on shares of Hexcel in a research note on Friday, October 24th. Finally, BMO Capital Markets increased their target price on shares of Hexcel from $67.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hexcel has a consensus rating of “Hold” and an average target price of $73.33.

Hexcel Stock Up 0.5%

Shares of NYSE:HXL opened at $72.96 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 2.75. The company has a market cap of $5.81 billion, a PE ratio of 85.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.33. Hexcel Corporation has a 52 week low of $45.28 and a 52 week high of $74.35. The firm has a 50 day simple moving average of $64.07 and a 200 day simple moving average of $58.79.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, October 22nd. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $456.20 million during the quarter, compared to analysts’ expectations of $449.99 million. Hexcel had a net margin of 3.67% and a return on equity of 9.25%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Hexcel has set its FY 2025 guidance at 1.700-1.800 EPS. As a group, research analysts expect that Hexcel Corporation will post 2.14 earnings per share for the current year.

Hexcel Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Monday, November 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. Hexcel’s dividend payout ratio is 80.00%.

Insider Activity at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 911 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.00, for a total value of $59,215.00. Following the transaction, the insider owned 4,283 shares in the company, valued at approximately $278,395. This represents a 17.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lyndon John Smith sold 2,077 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $73.02, for a total transaction of $151,662.54. Following the completion of the transaction, the insider owned 8,426 shares in the company, valued at approximately $615,266.52. This represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,885 shares of company stock worth $779,040. 1.39% of the stock is owned by corporate insiders.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.